|
|
Article: SERVICE CORPORATION INTERNATIONAL CONSIDERS PURCHASE OF MINORITY SHARES OF SCI CANADA
- Article from:
- PR Newswire
- Article date:
- May 18, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HOUSTON, May 18 /PRNewswire/ -- Service Corporation International (NYSE: SRV) (SCI) and Service Corporation International (Canada) Limited (SCIC) jointly announced today that SCI is considering a transaction whereby the shareholders of SCIC (excluding SCI) will be given the opportunity to sell their shares of SCIC to SCI for $21.50 (Canadian) per share in cash. If such transaction is completed, SCIC will become a wholly-owned subsidiary of SCI.
SCI owns 7 million shares of SCIC, or approximately 69 percent of the 10,193,069 shares outstanding reported by SCIC on April 3, 1995. SCIC shares closed on May 17, 1995 at $19.00 (Canadian), near the stock's all time high of ...